Common use of Statement Required Where No Gross Receipts Reportable Clause in Contracts

Statement Required Where No Gross Receipts Reportable. If Franchisee has no gross receipts for a given quarter, Franchisee shall provide written verification that it has no gross receipts which shall be postmarked no later than the 15th day of the month following the quarter for which the Franchisee has no gross revenues. Failure to provide such notice to the City shall result in commencement of proceedings to terminate the franchise.

Appears in 10 contracts

Samples: Solid Waste Franchise Agreement, Solid Waste Franchise Agreement, Solid Waste Franchise Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!